Hunan Gaoqiao Big Market Market Purchasing Trade Financing Risk Compensation Fund Project Launched

In order to promote the high-quality development of the province's open economy, build a provincial-level foreign trade supply chain platform, actively carry out foreign trade supply chain management, supply chain financing, and operation services, and help small and medium-sized enterprises solve the shortcomings in the foreign trade business chain. Two major platforms:

◆ Gaoqiao Market Procurement Trade Supply Chain Platform.In order to alleviate the financing difficulties of small, medium and micro export enterprises, provide foreign trade supply chain financial services for small, medium and micro enterprises that carry out market procurement trade exports, and set up a risk compensation fund to share a certain proportion of the company's possible export receivables collection risk , to support the company in serving small, medium and micro export enterprises, and jointly promote the export scale and quality of market procurement trade methods.

◆ Hunan Province Foreign Trade Finance Supply Chain Platform.Relying on the system innovation and provincial financial resources of Hunan Pilot Free Trade Zone, copy and promote the successful experience of Yueyang Guansheng 'one platform and two mechanisms', and strive to become the preferred financing platform for enterprises in the province to carry out foreign trade.At present, the company has become the China-Africa Economic and Trade Cooperation Research Association of Hunan Province (vice-chairman unit), and set up a 'financial service center' for the research association. On January 7, 2021, the company will serve as the China-Africa Economic and trade cooperation promotes innovation demonstration park 'financial supply chain enterprise' signed on-site.

In order to give full play to the guiding and amplifying role of supporting funds for the pilot project of purchasing and trading methods in the Hunan Gaoqiao Big Market, in June 2021, Hunan Caisheng Supply Chain Management Co., Ltd. The office identified it as 'Market Purchasing Trade Foreign Trade Supply Chain Enterprise'.Provide foreign trade supply chain services for small, medium and micro enterprises that carry out market procurement trade exports, share a certain proportion of the risk of possible export receivables, actively serve small, medium and micro export enterprises, and promote market procurement and trade in the Hunan Gaoqiao market Pilot work development.

The market procurement trade financing risk compensation model empowers supply chain finance and is the first market procurement trade risk compensation model.White-listed enterprises (small, medium and micro enterprises) that have passed the Yuhua Management Committee of Changsha Area of ​​China (Hunan) Pilot Free Trade Zone and Hunan Gaoqiao Market Rating, apply to the market procurement trade supply chain platform according to the order contract. After the initial review by Sheng Supply Chain Management Co., Ltd., the foreign trade supply chain platform can enjoy financing services.This financing service can well solve the contradiction between the payment period required by foreign buyers and the domestic sellers' desire to receive payment as soon as possible.After the white-listed enterprises declare the goods for export through the market procurement method, they can obtain financing that does not exceed 80% of the payment for a single order, which effectively relieves the financial pressure of the enterprise and helps the enterprise to accept more orders and dare to accept orders.China Credit Insurance will escort the whole process, minimize trade risks, and promote the expansion of market procurement trade business.